Sentences with phrase «centralizes ethereum mining»
Some in the cryptocurrency space find this news alarming, specifically because it centralizes Ethereum mining — which has historically been dominated by GPUs.
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For example, the bitcoin mining network is now also seen as much more centralized than ethereum's, despite the fact that certain ethereum mining pools currently account for larger percentages of its network's hashing power when compared to bitcoin.
It is clear that Ethereum is currently at a crossroads — and the community must soon decide whether or not the risks of a hard fork outweigh those of letting Bitmain potentially centralize the ETH mining market.
Ethereum uses a Ghost Protocol that fends off the use of centralized pool mining.